If you invest in the stock market, then there is a good chance for you to earn next week

If you invest in the stock market, then there is a good chance for you to earn next week. Next week, the IPO of NTPC Green Energy, a subsidiary of the government company NTPC, is coming. NTPC Green's IPO will open on Tuesday i.e. November 19.

NTPC Green IPO Date: If you invest in the stock market, then there is a good opportunity for you to earn next week. Next week, the IPO of NTPC Green Energy, a subsidiary of the government company NTPC, is coming. NTPC Green's IPO will open on Tuesday i.e. November 19. Investors will be able to bid till 22 November 2024. The company plans to raise Rs 10,000 crore from the primary market.

NTPC Green Energy IPO Details

NTPC Green's IPO will open on November 19. The price band for the IPO will be Rs 102-108 per share. NTPC Green Energy Chairman and Managing Director Gurdeep Singh gave this information on Wednesday. The company is planning to invest up to Rs 1 lakh crore in solar and wind energy by FY 2026-27, he said during the IPO promotion. About 20 per cent of this investment will come from equities, he added.

Rs 10,000 crore IPO

Apart from this, the fund of Rs 10,000 crore will come through initial public offering (IPO). The company will raise the remaining amount through internal means. NTPC Green Energy currently has an installed capacity of 3,220 MW. The company plans to increase it to 6,000 MW by March 2025 and 11,000 MW by 2026.

The IPO will open on November 19 and close on November 22. In this, the company is bringing a fresh issue of Rs 10,000 crore. The price range for this is between Rs 102 and Rs 108. Singh said NTPC Green Energy does not want to limit itself to power generation only. The company has also chalked out plans for green hydrogen, pump storage power and energy storage.